Lido Advisors LLC Has $2.46 Million Position in Chipotle Mexican Grill, Inc. $CMG

Lido Advisors LLC lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 58.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,748 shares of the restaurant operator’s stock after selling 109,146 shares during the quarter. Lido Advisors LLC’s holdings in Chipotle Mexican Grill were worth $2,457,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after acquiring an additional 18,660,882 shares during the last quarter. Capital World Investors grew its stake in shares of Chipotle Mexican Grill by 15.8% in the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after purchasing an additional 13,843,222 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Chipotle Mexican Grill by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after purchasing an additional 9,237,720 shares during the period. Capital International Investors raised its position in Chipotle Mexican Grill by 17.7% during the 4th quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after purchasing an additional 6,796,285 shares during the last quarter. Finally, Norges Bank acquired a new position in Chipotle Mexican Grill during the 4th quarter worth about $711,837,000. 91.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CMG. Weiss Ratings lowered Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, May 5th. Morgan Stanley set a $37.00 price target on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. Mizuho upped their price objective on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Finally, BTIG Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.86.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $31.79 on Monday. The stock has a market capitalization of $40.78 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 2.08 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $47.18. The stock’s 50 day moving average price is $32.62 and its two-hundred day moving average price is $34.72.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the business posted $0.29 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.